Last Updated:
Shreeji Shipping Global’s IPO opens on August 19, 2025, with a size of Rs 410.71 crore and a price band of Rs 240-252 per share.
News18
Shreeji Shipping Global IPO: Shreeji Shipping Global is set to open today, on August 19, 2025 and will close on August 21, 2025. The mainboard issue size is pegged at Rs 410.71 crore, including the anchor investor portion, with a price band of Rs 240–252 per share.
Shreeji Shipping Global’s initial public offering (IPO) received strong investor interest, with the issue subscribed 2.01 times overall on Day 1 till 4:00 pm. In total, against 1.14 crore shares on offer, the IPO received bids for 2.29 crore shares.
Qualified Institutional Buyers (QIBs): The quota of 32.59 lakh shares was subscribed 1.09 times, with bids received for 35.51 lakh shares.
Non-Institutional Investors (NIIs): The segment saw robust demand, getting subscribed 3.26 times against 24.44 lakh shares reserved. Within this, the sub-category of bids above Rs 10 lakh was subscribed 3.48 times, while bids between Rs 2–10 lakh were subscribed 2.82 times.
Retail Individual Investors (RIIs): The category witnessed healthy participation, subscribed 2 times, with 1.14 crore shares bid for against 57.04 lakh shares reserved.
The proceeds of IPO will be utilized for the acquisition of Supramax category dry bulk carriers in the secondary market, debt repayment/prepayment, and general corporate purpose.
The basis of allotment will be finalized on August 22, 2025, while refunds and credit of shares to demat accounts are expected on August 25, 2025. The company’s shares will be listed on NSE and BSE on August 26, 2025.
Shreeji Shipping Global IPO GMP
Unlisted Shares of Shreeji Shipping Global were trading at Rs 278 over the upper price band of Rs 252, reflecting a premium of 10.32 per cent. It indicates a GMP of Rs 26.
Shreeji Shipping Global Financials
For FY25, the company reported a profit after tax of Rs 1,412.37 million, up from Rs 1,245.12 million in FY24. Revenue stood at Rs 6,076.13 million. The company’s EBITDA margin improved to 33.03%, reflecting stronger operational efficiency.
Shreeji Shipping Global Info
Shreeji Shipping Global, with over three decades of experience, is an integrated shipping and logistics service provider specializing in dry bulk cargo handling, fleet chartering, and equipment rentals. The company operates across 20+ ports in India and Sri Lanka, with a strong presence at Kandla, Navlakhi, Magdalla, Bhavnagar, and Puttalam (Sri Lanka). Its fleet includes 80+ vessels and 370+ earthmoving equipment, serving key sectors such as oil and gas, power, FMCG, coal, and metals.
Shreeji Shipping Global: Should You Subscribe?
Master Capital Service a broking firm, in its note has recommended the IPO for investors who are looking for long-term opportunities.
Shreeji Shipping Global Ltd is a key player in shipping and logistic service provider in India and plans to focus on expansion of business operations from land to port to capitalize on industry opportunities. The company also intends to continue its focus on cost optimization and improving operational efficiency through expansion of value-added services and offering services that enhance customer experience, improves overall asset utilization through economies of scale and increase the level of integration across logistics networks, it added.
Anand Rathi in its brokerage report said “at the upper price band company is valuing at P/E of 28.5x to its FY25 earnings, with EV/EBITDA of 21.4x and market cap of ₹ 41,055 million post issue of equity shares. We believe that the IPO is fully priced and recommend a “Subscribe Long Term” rating to the IPO.”
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
Read More
